Convert Mozambican Metical to Philippine Peso
Please provide values below to convert Mozambican Metical [MZN] to Philippine Peso [PHP], or Convert Philippine Peso to Mozambican Metical.
How to Convert Mozambican Metical to Philippine Peso
1 MZN = 1.11731173486143 PHP
Example: convert 15 MZN to PHP:
15 MZN = 15 × 1.11731173486143 PHP = 16.7596760229214 PHP
Mozambican Metical to Philippine Peso Conversion Table
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Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.